Question

What type of economic system are you a part of? In a short paragraph, explain how your economic system regulates choices to respond to economic challenges.What type of economic system are you a part of? In a short paragraph, explain how your economic system regulates choices to respond to economic challenges.

Answer 1

Order Quantity (EOQ)s.

Step-by-step explanation:

Order Quantity (EOQ) is the number of units that a company should add to inventory with each order to minimize the total costs of inventory—such as holding costs, order costs, and shortage costs. ... The EOQ model finds the quantity that minimizes the sum of these costs.

Answer 2

The U.S. has a mixed economy, exhibiting characteristics of both capitalism and socialism. Such a mixed economy embraces the free market when it comes to capital use, but it also allows for government intervention for the public good.

Step-by-step explanation:

edg 2022